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Dubai's and South Korea's markets are crashing.
Meanwhile, all the liquidity is flowing into crypto, $SPX, $SILVER, or $GOLD, which are considered safer and more liquid right now.
This is expected in times of local wars, or geopolitical risks.
However, I believe that this is a good sign for the broader markets and a sign of what's coming next.
Generally, if the markets feared this could become a global war, all the liquidity would flow into cash, so the $DXY should rise aggressively.
Instead, we're seeing the complete opposite now, which signals that this either remains a local geopolitical risk in the Middle-East, or that this will be short-lived before a ceasefire agreement comes into play.
We'll see, but for now, remaining somewhat conservative until further confluences emerge remains the best approach in my view.